SFGTV2: San Francisco Government Television
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Feb 5, 2013
02/13
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the great deficit in this country is the investment deficit, the investment in people and infrastructure. there were attempts to revive it. it was a super committee proposal. i think it is a good thing the super committee failed to reach an agreement. we will see where that goes. it was not a fair deal. there was so little revenue and so much padding. -- so much cutting. someone was writing the other day that the anti-tax mania is at an all-time low. reagan was willing to raise taxes. it shows how extreme. someone said the of the grover norquist may be the most powerful person in america. the new pledge he has held canada is to. he has held candidates -- the new pledge he has held the new candidates to is keeping millions -- it has a role to play in a country rich in the land grant colleges, highways, bridges. i understand the bridge out here is about to be built. i am all for infrastructure. >> obama in a way has to be the luckiest politician. if you look at the republican lineup -- [laughter] it is like michael dukakis in an oversized tank hat. >> the idea that newt gingrich is now at
the great deficit in this country is the investment deficit, the investment in people and infrastructure. there were attempts to revive it. it was a super committee proposal. i think it is a good thing the super committee failed to reach an agreement. we will see where that goes. it was not a fair deal. there was so little revenue and so much padding. -- so much cutting. someone was writing the other day that the anti-tax mania is at an all-time low. reagan was willing to raise taxes. it shows...
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Feb 7, 2013
02/13
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and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as subsidy. the balancing act also closes other pointless loopholes the rich take advantage of. we should point out mitt romney ran on a similar tax plan. his former running mate paul ryan should love the balancing act because it reduces the deficit. everyone inside the beltway considers mr. ryan just a very serious person. but here is how paul ryan wants to reduce the deficit, with nothing but cuts. and here is the balanced approach from the progressive caucus. you know, when we need budget advice in the future, i think we should kind of push paul ryan of
and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as...
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Feb 6, 2013
02/13
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FOXNEWSW
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the deficit goes back up even though we saw it go slightly down. they're calling this the sandwich generation, the people in the middle getting squeezed by taking care of their older parents that can't retire early and taking care of kids. youth unemployment at 11.5. >> more of the middle class becoming the working poor at this point. and the problem is, you can't ask the guy a question. he makes an announcement. you can't ask him a question to get meaningful discussion to hear the other side. when you have the chance, and he was able to have control to put something through, what did he do? we're still hearing blame it on bush. that's old. >> also tax hikes. we'll have the highest spending and highest government spending and highest tax rates. i'm not sure who is can connecte dots to create jobs. >> can i say something? the new normal is the old miserable. the carter era with bandwidth. does he care about the fracturing. the harder american life gets the more he can change it. when we take the bus instead of drive that's progress. he sees shrinkag
the deficit goes back up even though we saw it go slightly down. they're calling this the sandwich generation, the people in the middle getting squeezed by taking care of their older parents that can't retire early and taking care of kids. youth unemployment at 11.5. >> more of the middle class becoming the working poor at this point. and the problem is, you can't ask the guy a question. he makes an announcement. you can't ask him a question to get meaningful discussion to hear the other...
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Feb 9, 2013
02/13
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FOXNEWS
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it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead with his policies and that's where we are now, we've got to deal with the long run and forget about the short-term. >> brenda: and john, that's actually only one more quarter of negative gdp we'll be in recession? >> sorry about that. >> all cuts are good as far as i'm concerned, but a meat ax is a little bit of exaggeration, this is more like a butter knife that these cuts are so small, there's nothing there and he what i would like to see is the government take more of a private sector approach, like a businessman and say, let's evaluate what we have 'cause many of these government programs ove
it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead...
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Feb 2, 2013
02/13
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this makes sense whether or not we have a federal deficit. even if we had a zero deficit, many program cuts and determination would sbreels g.d.p. and expand -- increase g.d.p. the fiscal conservatives always say they want to cut spending but near i will all the focus in recent years have been trying to impose overall restraint by voting balanced budget. i'm not against the caps but they do not reduce the underlining pressure to spend. the only way to do that is challenge particular programs and make the argument that particular programs are harmful and wasteful, unconstitutional, unjust, and unneeded. to make lasting reforms congress needs to make the case to cut many dozens, hundreds of particular programs. if the republicans want to kill funding for big bird they have to make the case for it. they have to lay out the case and push on that for many months or many years to wear down the opposition. so the very few examples in recent decade where is we've been able to cut or limit or reform programs, there has been a build up and we've laid t
this makes sense whether or not we have a federal deficit. even if we had a zero deficit, many program cuts and determination would sbreels g.d.p. and expand -- increase g.d.p. the fiscal conservatives always say they want to cut spending but near i will all the focus in recent years have been trying to impose overall restraint by voting balanced budget. i'm not against the caps but they do not reduce the underlining pressure to spend. the only way to do that is challenge particular programs...
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have to get your act together, have you not been able to produce a budget, not able to bridge down the deficit as you promised as president promises in his first term this run away spending that idea that you just soak the rich there ain't enough rich to soak, let's show a little bit of the report and reduce the cost of size of government. charles: politicallia, i am familiar with your thoughts and words in the past there is a large segment of democratic parties or voters who are not looking at this from a phys call point ofiscalpoint of view, buta justice for the ranges of wester year -- wrongs of yesteryear. >> i don't know what you mean. charles: redistribution of wealth, excessive taxation, deon de-- demonizing businesses. >> this is the evolution of a country, every 4 years we get a chance to choose a different president, and this time we decided not to. you know, i really don't think that there is -- lou: that is not an economy argument. >> i really, -- that was not his question. charles: so, guy -- >> it was about politics, to respond, i think that dc is too barpartisan, i am not in dc
have to get your act together, have you not been able to produce a budget, not able to bridge down the deficit as you promised as president promises in his first term this run away spending that idea that you just soak the rich there ain't enough rich to soak, let's show a little bit of the report and reduce the cost of size of government. charles: politicallia, i am familiar with your thoughts and words in the past there is a large segment of democratic parties or voters who are not looking at...
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Feb 5, 2013
02/13
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under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next ten years u.s. debt will increase $10 trillion from a little more than 16 trillion-dollar now to more than $26 trillion in 2023. >> you can't raise enough tax to say pay for this problem. you won't grow fast enough to get rid of this problem. you ultimately have to deal with spending. >> after 2023, the debt begins to soar. >> after that it's going to grow and reach the trillion and go beyond the trillion. so at no point in the foreseeable future is the deficit going to come down to manageable level. >> noting repeatedly high debts are bad and dangerous as he put
under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next...
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Feb 2, 2013
02/13
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but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get t
but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a...
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Feb 6, 2013
02/13
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is increasingly frustrated by the i insistence that the solution to deficit spending is more taxation. >>> president doesn't believe we have a spending problem. he genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. >> washington has to deal with its spending problem. i watched them kick the can down 22 years down the road. its time to act. >> had he tahoe roundly dismiss the suggestion to postpone tens of billions of dollars of automatic spending cuts in defense and other departments on march 1st. defense secretary renewed pretty dire warnings today. listen.... >> my greatest concern today is that we are putting our national security at risk by lurching from budget crisis to budget crisis to budget crisis. >> only a couple hours after the speech. senate republicans unveiled their al downsize the government's civilian work force and freeze pay for members of congress. >> this is way of doing it without cutting defenses, without cutting desk and without raising taxes. >> reporter: republicans plan
is increasingly frustrated by the i insistence that the solution to deficit spending is more taxation. >>> president doesn't believe we have a spending problem. he genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. >> washington has to deal with its spending problem. i watched them kick the can down 22 years down the road. its time to act. >> had he tahoe roundly dismiss the...
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Feb 6, 2013
02/13
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our deficits are financed by treasury bonds. most of which are being purchased by the fed with newly created money. this drives up the price of bonds and keeps interest rates artificially low, seniors on fixed incomes who have saved their whole lives now cannot make a fair market on their interest for their savings. in addition to squeezing the incomes of our seniors, creating money to fund deficits also drives up prices which has a disproportionate adverse effect on seniors, on the poor, and on middle income families. creating money out of thin air to fund the president's spending must stop. the first step is to stop the reckless spending by having the president present a plan to balance the budget. this is a simple request with no reasonable excuse for opposition. i support h.r. 444, the require plan act, to protect our seniors, the poor, and middle income families. i yield back. the chair: the gentleman yields back. the gentleman from maryland is recognized. mr. van hollen: madam chairman, again we have heard a number of the
our deficits are financed by treasury bonds. most of which are being purchased by the fed with newly created money. this drives up the price of bonds and keeps interest rates artificially low, seniors on fixed incomes who have saved their whole lives now cannot make a fair market on their interest for their savings. in addition to squeezing the incomes of our seniors, creating money to fund deficits also drives up prices which has a disproportionate adverse effect on seniors, on the poor, and...
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. >> we have massive deficits, a big tax increase that no apparent willingness to get governnt off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says other indicators remain positive. >> consumer spending increased. business investment. residential construction. >> reporter: the jobs report showed a larger number of people dropped out of the labour force than down jobs. a former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boomers retire. >> reporter: the conference board reports a sharp increase in the number of older workers considering delaying retirement, which could make it more difficult for young people to
. >> we have massive deficits, a big tax increase that no apparent willingness to get governnt off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says other...
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Feb 6, 2013
02/13
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year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank you, madam chairman. i ask unanimous consent to claim time in opposition even though i am not. the chair: the gentleman is recognized. mr. van hollen: thank you, madam chairman. i think it's very useful to let everybody in the country know exactly what the debt and deficit will be on a per capita basis. we in congress can of course do the math. i think it's no problem asking the president to run that calculation as well. again, i want to emphasize the fact there is agreement on reducing the deficit. the real differences here are over how we do
year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank...
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Feb 7, 2013
02/13
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us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to close some tax loopholes and deductions that the average american cannot take advantage of, to raise the revenue, to actually do the job in a way that allows us to continue to grow. now, the reason this is relevant is because i gather and i haven't gotten this from first-hand sources, but from second hand sources in the press that our friends on the other side of the aisle, their position is we're concerned about the sequester. we recognize that just cutting the federal spending with the meat ax as opposed to scalpel is probably damaging and will damage our national security and will damage our e
us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to...
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Feb 9, 2013
02/13
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our deficit is a big problem. what about our taxation system? when i pick up my bible, you know what i see? i see the fairest individual in the universe, god, he's given us this system. hoosr it's called time. >> he didn't stop there. carson is the head of neurosurgery at johns hopkins. listen to obamacare. >> here's my solution. when a person is born, give them a birth certificate, an electronic medical record and a health savings account, to which money can be contributed pre-tax from the time you are born to the time you die. when you die, you can pass it on to your family members so that when you are 85 years old, you got 6 diseases, you are not trying to spend up everything, you are happy to pass it on and nobody's talking about death panels. >> rush limbaugh says the republicans could learn a thing or two. >> the guy comes along in 43 seconds and sets out a position, based on our principles of individual responsibility and free market that is a logical solution that makes total sense to everybody who hears it. this man said it while obama'
our deficit is a big problem. what about our taxation system? when i pick up my bible, you know what i see? i see the fairest individual in the universe, god, he's given us this system. hoosr it's called time. >> he didn't stop there. carson is the head of neurosurgery at johns hopkins. listen to obamacare. >> here's my solution. when a person is born, give them a birth certificate, an electronic medical record and a health savings account, to which money can be contributed pre-tax...
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now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything to do with capitalism or free markets or anything to do with sustainability, then you've read an economic textbook that didn't even exist in 1995. dagen: david, thank you so much. david stockman, i know it's like facelift. like the first few you get it kind of hides your age, but eventually you're going to look, well, 8 6. connell: hasn't thought of it that way, but as always, you bring up a unique perspective. dagen: what? i'm really 75. connell: well, you look great. the ftc is pressing for new guidelines on the mobile industry. dagen: and if your worried you --
now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything...
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Feb 4, 2013
02/13
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that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants to get done. take a look at this. there are many middle class households that are actually paying a higher tax rate than households that make over a million dollars a year because they don't get most of their money from investments. will the president's policies change this problem? >> they will and they already are, to some extent. but there's more to be done there, just like the president just said. in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated s
that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants...
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Feb 5, 2013
02/13
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we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy and creating a strong and vibrant middle class. manufacturing continues to be a bright spot in our economic recovery. since 2010, the u.s. has added over a half a million manufacturing jobs. mr. kildee: that's progress. but in a time where millions of americans continue to struggle, we can and must do more. congress should be working every day to rebuild our economy and create good-paying jobs right here in america not overseas. that's why i support the make it in america agenda, which will strengthen manufacturing and rebuild our infrastructure. it will also m
we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy...
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Feb 5, 2013
02/13
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after spending months focused on federal spending and deficit reduction, to day house majority leader eric cantor plans to urge his republican party to take its message in a new direction. in what's being described as a major policy speech one week before the president's state of the union address, kantor wcant to rollout a new agenda that puts emphasis on how the government can help american families in their daily lives. expected to touch on new and existing republican education initiatives, the need to simplify the tax code sh ways to curb rising health care costs and the hot issue of immigration reform. in a prespeech excerpt, he is quote the as saying, "government policy should aim to strike a balance between what is needed to aadvance the next generation, what we can afford, what is a federal responsibility, and what is necessary to ensure our children are safe, healthy, and able to reach their dreams." >>> this is going to be closely watched because it represents a rebranding of the party and the conservative philosophy away from what has been touched on over republicanism and
after spending months focused on federal spending and deficit reduction, to day house majority leader eric cantor plans to urge his republican party to take its message in a new direction. in what's being described as a major policy speech one week before the president's state of the union address, kantor wcant to rollout a new agenda that puts emphasis on how the government can help american families in their daily lives. expected to touch on new and existing republican education initiatives,...
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Feb 1, 2013
02/13
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bring down the deficits in a balanced, responsible way. >> is washington the biggest problem for the economy? >> i think clearly it is a major headwind. it spends a lot of money ineffectively. you can say that whether you're a conservative or a liberal. a source of job loss. in spite of conservative harping of government occupying too much, there's 1.5 million job shed from state and local government. a lot of those are teachers, first responders. and the inability of the government to put capital in motion and $3 trillion plus in spending in any way effectively is not doing any of us any particular good. the only happening decent right now in terms of growth tends to be what's going on ex-government and that doesn't mean that government couldn't do a lot better but washington isn't. >> let's talk about what's happening on wall street as the banner says, main street versus wall street or main street and wall street depending on your perspective. sometimes it does feel like it's a us against them scenario but the dow now over 14,000 mark. still with the millions of people looking for
bring down the deficits in a balanced, responsible way. >> is washington the biggest problem for the economy? >> i think clearly it is a major headwind. it spends a lot of money ineffectively. you can say that whether you're a conservative or a liberal. a source of job loss. in spite of conservative harping of government occupying too much, there's 1.5 million job shed from state and local government. a lot of those are teachers, first responders. and the inability of the government...
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Feb 1, 2013
02/13
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even if we have had a zero deficit. many program cuts and terminations would increase gdp and would expand individual freedom. and so the political upshot of this, and i will close on this, the clinical upshur, the fiscal conservatives always say they want to cut spending but not all of focus in recent years by fiscal conservatives in congress has been trying to impose over all restraint by putting on budget gaps, by voting for a balanced budget amendment. those sorts of cats are fine. i'm not against them but they don't reduce the underlying pressures to spend big only way to do that is to directly challenge particular programs and make the argument that particular program are harmful and wasteful, unconstitutional, unjust and unneeded. so to make lasting reform fiscal conservatives in congress need to make start making the case cost -- cuts too many programs bigger the republicans want to kill funding for big bird, for example, as candidate romney wanted to do, they got to make the case for. they got to lay out the ca
even if we have had a zero deficit. many program cuts and terminations would increase gdp and would expand individual freedom. and so the political upshot of this, and i will close on this, the clinical upshur, the fiscal conservatives always say they want to cut spending but not all of focus in recent years by fiscal conservatives in congress has been trying to impose over all restraint by putting on budget gaps, by voting for a balanced budget amendment. those sorts of cats are fine. i'm not...
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Feb 6, 2013
02/13
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it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal service. second to that, yes, all of us are using e-mail and paying our bills online. and therefore first class mail has dropped off a cliff. however, package delivery has increased dramatically because you and i are shopping online and all of those packages are sent to our homes. so that's been up 14% over two years. so in the view of many, this is the postal service trying to force the hand of congress. congress has had this on their agenda for years and has failed to act, even though the postal service year after year after year comes out a
it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal...
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02/13
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to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be finished before march 1st, and unfortunately that's the date when a series of harmful automatic cuts to job-creating investments and defense spend, also known as sequester, are scheduled to take effect. so, if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a
to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be...
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Feb 7, 2013
02/13
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american people understand -- i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't be just on the backs of young people who are trying to get a college education. it should not be on the backs of parents who are trying to give their kids a better start in life. that all of us have to participate and that, in fact, it's important for us to make sure we've got a strong national defense and that we reduce our spending in a smart way. those of us who are luckiest in the society to close a few loopholes and deductions that the average american doesn't get. if that's the choice that we've got, i promise you we can win that debate because we're on the right side of this argument. i hope -- i expect that you guys will be with me on that. last point i'll make, obviously economic growth is a priority. making sure that we're opening up opportunity for everybody is also important. that's why emgregs reform is so critical. i said this is going to be a top priority and an early priority of my administration. i am hea
american people understand -- i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't be just on the backs of young people who are trying to get a college education. it should not be on the backs of parents who are trying to give their kids a better start in life. that all of us have to participate and that, in fact, it's important for us to make sure we've got a strong national defense and that we reduce...
32
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Feb 5, 2013
02/13
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i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, ths totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was pa joring to hear some of that -- >> hasn't he been the guy standing behind boehner's back waiting to trip him over because he's been too moderate. >> no question. he's been standing off center stage waiting for his opportunity to become speaker. i thought that there was a lot of practicality in the speech but not any big ideas. i think -- >> it was like sundries and knowings in a drugstore. little items, like telling colleges they got to tell people what employment prospects there are for english majors. what's that about? cantor -- let's take a look. he took a approach that the university education should be more like a vocational school, a school you can learn a trade. he suggested kids be told by colleges what major earn the m
i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, ths totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was pa joring to hear some of that -- >> hasn't he been the guy standing behind boehner's back waiting to trip him over because he's...